Metrics question

You are a product manager for online marketplace for pre-owned bicycles. CEO has identified three goals. 1. Build high trust between buyers and sellers 2. Create a viral marketplace and 3. Present the best portfolio of bicycles. What are the KPIs for each of the three goals?

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What this question tests

Ability to translate broad business goals into specific, measurable KPIs for a marketplace.

How to approach it

  1. For trust between buyers and sellers, define KPIs like seller rating average, dispute rate, and percent of transactions completed without a claim.
  2. For a viral marketplace, define KPIs like referral driven signups, invite acceptance rate, and viral coefficient.
  3. For best portfolio of bicycles, define KPIs like listing count by category, fill rate of buyer searches, and average time to sell.
  4. Check for tension between goals, like trust requirements potentially slowing down listing growth needed for portfolio breadth.
  5. Propose one north star per goal rather than combining them into a single vague metric.
  6. Suggest a cadence for reviewing all three KPI sets together to catch trade-offs early.

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